Macclesfield, UK – Econic Technologies has signed a global licence agreement for strategic rights to CO2 polymer technologies from Saudi Aramco Technologies (SATC). Econic said this will allow it to better serve customers in the CASE market, among others.
SATC was one of the first companies to launch CO2-derived polyols, which was commercialized under the brand name Converge. The technology was originally developed by Novomer, with Saudi Aramco taking a stake in late 2013 before buying it outright in 2016. A manufacturing agreement was signed with India’s Aether Industries in 2023, commercialising the technology for the CASE sector.
Since then, complementary technologies and sustainability strategies have moved on. Building on this momentum, Econic now sees fresh opportunities to strategically develop, combine, and position SATC’s CO2 technology to support the strong and growing demand for more sustainable materials,” the company said.
Econic’s CEO Keith Wiggins believes his company is well placed to take Aramco’s CO2 polyol technology to its potential. “[It complements and strengthens] our existing offering,” he said. “With this addition, we are excited to help a broader range of industries improve their products and reduce their carbon emissions.”
